KUALA LUMPUR: Malaysian palm oil futures traded slightly higher in quiet trade on Friday ahead of the release of official data for September, but were set to finish the week stronger after two consecutive weeks of declines.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,722 ringgit ($642.74) a tonne at the midday break. The contract has gained 1 percent so far this week, hitting a one-week high on Thursday, after two straight weekly falls.
Traded volumes stood at 17,404 lots of 25 tonnes each at Friday noon. "The market is quiet today, it lacks direction as people are waiting for the data," said a trader from Kuala Lumpur, referring to the monthly data from the Malaysian Palm Oil Board (MPOB).
The interior view of Zong Franchise. — Facebook/Zong Franchise Khiali GujranwalaKARACHI: Zong 4G has partnered with...
A logo of the Symmetry Group seen in this file photo.— symmetrygroup.biz/fileKARACHI: Symmetry Group has entered...
An aeroplane of the Pakistan International Airlines is seen in this photo. — AFP/FileKARACHI: Pakistan...
This undated file photo shows the Systems Limited premises. —x/PakistanomyLAHORE: Systems Limited has signed an...
The State Bank of Pakistan building in Karachi. — SBP websiteKARACHI: Bank Alfalah Limited has received approval...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices increased by Rs2,300 per tola on Monday in...